20,000 SF Shopping Plaza sold to RL Realty Enterprises, LLC

Polar Plaza, located at 4861 State Highway 30, Amsterdam, was recently purchased by RL Realty Enterprises, LLC from Polar Development. The 20,000± SF retail center was a prime investment opportunity located on Amsterdam’s main retail corridor at the intersection of Route 30 and Wallins Corners Road. The retail plaza was 100% leased with tenants including Empire VisionWorks, Hear for You, Lumart’s Shoes, Solar Nails, H&R Block, Schenectady Pulmonary, Ship & Copy, and 518 Grille.

The retail plaza consisted of two buildings and was recently sold in March 2020 as an investment sale for $2,000,000.  Jeffrey D’Amore, SIOR, Executive Director, and Michael Sampone, Associate Real Estate Broker, of Cushman & Wakefield | Pyramid Brokerage Company were the exclusive brokers for the Seller.

If you would like more information regarding Cushman & Wakefield | Pyramid Brokerage
Company, please refer to their website at www.pyramidbrokerage.com